THE ALCHEMIST by AL THOMAS BAILOUTS AND BAND AIDS Before we get into this discussion let’s see if we can get an accurate description of what a bailout is and what it is supposed to do. The central government of a country finds it owes more money than it has and must get enough funds …

BAILOUTS AND BAND AIDS Read More »

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Heidi is the proprietor of a bar in Detroit. In order to increase sales, she decides to allow her loyal customers — most of whom are unemployed alcoholics — to drink now but pay later. She keeps track of the drinks consumed on a ledger (thereby granting the customers loans). Word gets around about Heidi’s drink-now-pay-later marketing …

A Simple Explanation Of Derivatives Read More »

I am truly perplexed that so many of my friends are against another mosque being built in New York or Chicago, or any other US city. I think it should be the goal of every American to be tolerant. Thus the Mosque should be allowed, in an effort to promote tolerance. That is why I also propose …

A Plea For Real Tolerance Read More »

Mitt Romney said in last night’s debate that he thinks the Federal Reserve should be “reformed,” not abolished, because “the alternative to the Fed is giving Congress the power to print money.” And this is the candidate who’s supposed to be a business expert. He needs to read the US Constitution, particularly Article I Sec. 8: …

Mitt Romney is ignorant of both the Constitution and economics Read More »

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Every year the IRS releases information concerning tax collections based on the income categories of taxpayers.  This is important because these numbers represent actual collections. These are the raw numbers, before they have been  massaged in any way. There are no assumptions in these numbers that would add bias.  The information shows: • The top-earning 1% of taxpayers …

Do The Rich Pay Their “Fair Share” Of Taxes? No, They Pay A Lot More. Over Half The Adult Population Pays No Income Tax At All — And Many Of Those Get Refunds! Read More »

Having been  involved in politics most of my life (https://papersourceonline.com/about-us/) I take a keen interest in the subject.  And as a Texan, I get emails every day from people asking what I think of Rick Perry.  Here are some thought about last night’s debate: RICK PERRY:  I like most of what he says.  Unfortunately,  his …

The GOP Debate 9/7/11 Read More »

Although it is possible to get a very good deal on a condo at auction, understand that you are taking risks. A developer doesn’t turn to an auction unless more traditional sales methods haven’t worked. As sales slow–or perhaps never catch fire in the first place–builders often cut corners any way they can, perhaps by hastily finishing amenities …

Condo Auctions Read More »